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Technology - Online Term Paper

Technology

Circuit Judge Alison Nathan said Binance's use of domestic Amazon computer servers to host its platform supported this outcome, given how Binance "notoriously denies the applicability of any other country's securities regulation regime."
The appeals court also said investors could pursue claims arising from purchases made within the year before they sued.
Friday's decision reversed a March 2022 ruling by U.S. District Judge Andrew Carter in Manhattan, and returned the case to him.
The appeal covered investors who had bought seven tokens - ELF, EOS, FUN, ICX, OMG, QSP and TRX - through Binance starting in 2017, and which soon lost much of their value.
They claimed that Binance failed to warn ...

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"unanimously acknowledged the strength of our claims."
The case is separate from Binance's recent guilty plea and more than $4.3 billion penalty for violating federal anti-money laundering and sanctions laws.
NEW YORK, March 8 (Reuters) - A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating U.S. securities laws by selling unregistered tokens that lost much of their value.
In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said investors in the proposed class action plausibly alleged that domestic securities laws applied because their purchases of tokens had become irrevocable in the United States once they paid for them.
Adult industry group Free Speech Coalition, which is spearheading the lawsuit, said in a statement that it "strenuously" disagrees with the ruling and is considering its next steps.
The office of Republican Texas Attorney General Ken Paxton did not ...

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Technology. (2024, March 10). Retrieved November 30, 2024, from http://www.essayworld.com/essays/Technology/108056

"Technology." Essayworld.com. Essayworld.com, 10 Mar. 2024. Web. 30 Nov. 2024. <http://www.essayworld.com/essays/Technology/108056>

"Technology." Essayworld.com. March 10, 2024. Accessed November 30, 2024. http://www.essayworld.com/essays/Technology/108056.

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PAPER DETAILS

Added: 3/10/2024 09:37:13 PM
Submitted By: Magee123
Category: Technology
Type: Free Paper
Words: 403
Pages: 2

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